{"id":570190,"date":"2010-05-19T09:17:00","date_gmt":"2010-05-19T13:17:00","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=85182"},"modified":"2010-05-19T09:17:00","modified_gmt":"2010-05-19T13:17:00","slug":"consumer-price-data-shows-slight-deflation-in-april","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/570190","title":{"rendered":"Consumer Price Data Shows Slight Deflation in April"},"content":{"rendered":"<p>Fed governors and market gurus have been warning about the threat of inflation to the United States economy &#8212; but there remains no sign of prices rising at worrying rates. Indeed, this morning, the Bureau of Labor Statistics <a href=\"http:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">reported<\/a> a slight deflation in the price of consumer goods in April &#8212; a decline of 0.1 percent. <span id=\"more-85182\"><\/span>Over the past year, the Consumer Price Index has increased 2.2 percent.<\/p>\n<p>The single-month downturn does not signal that the United States is in for a troubling period of deflation. It is due to a drop in energy commodity prices, particularly a 2.4 percent decline in the cost of gasoline. Most other prices, for things like food and cars, drifted slightly upward. Core CPI &#8212; a better measure of underlying inflation &#8212; did not budge in April. Year-over-year, it is 0.9 percent, the lowest rate since 1966.<\/p>\n<p>Were the CPI to show stronger growth, indicating increasing inflation, it would put pressure on the Federal Reserve to raise short-term interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed governors and market gurus have been warning about the threat of inflation to the United States economy &#8212; but there remains no sign of prices rising at worrying rates. Indeed, this morning, the Bureau of Labor Statistics reported a slight deflation in the price of consumer goods in April &#8212; a decline of 0.1 [&hellip;]<\/p>\n","protected":false},"author":6662,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-570190","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/570190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6662"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=570190"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/570190\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=570190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=570190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=570190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}